First Florida Savings Bank, F.S.B. in city_name, state_name

First Florida Savings Bank, F.S.B. in Miami, Florida (FL)
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First Florida Savings Bank, F.S.B. - Overview

General
FDIC Certificate #: 32651
Status: Inactive
Closing history: Change in Location
Acquiring institution: First Union National Bank of Florida (#24398)
Federal Reserve ID: 1992915
Date Established: April 13, 1989
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 8571
FDIC's unique #: 45485
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: April 13, 1989
Last Structure Change Effective Date: April 01, 1995
Last Structure Change Process Date: April 07, 1995
Last Data Update: September 18, 1999
Data Source Date: April 05, 2012
Location
Address: 4343 West Flagler Street, Miami, FL 33134
County: Miami-Dade
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: South Florida
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Miami, FL (#5000)
Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
Core Based Statistical Division: Miami-Miami Beach-Kendall, FL (#33124)
History of Changes
Merger - Without Assistance
Change NONGEOFLDOFF from Default
Change NONGEOFDICDBS from Default
Change in Location
Financial Summary
Total assets: $102.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$32Total assets
$101,766Cash and due from depository institutions
$3,462Interest-bearing balances
$2,899Securities
$2,432Federal funds sold & reverse repurchase agreements
$1,430Net loans & leases
$90,890Loan loss allowance
$745Trading account assets
$0Bank premises and fixed assets
$940Other real estate owned
$123Goodwill and other intangibles
$1,831Life insurance assets
$658All other assets
$0Total liabilities and capital
$101,766Total liabilities
$94,530Total deposits
$81,513Interest-bearing deposits
$80,654Deposits held in domestic offices
81513.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$7,500Subordinated debt
$0All other liabilities
$5,517Total equity capital
$5,517Total bank equity capital
$7,236Perpetual preferred stock
$5,500Common stock
$7,799Surplus
$0Undivided profits
Memoranda
$-6,063Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,453Income earned, not collected on loans
$763Earning assets
$97,651Long-term assets (5+ years)
$0Average Assets, year-to-date
$96,033Average Assets, quarterly
$100,237Volatile liabilities
$16,889Insider loans
$283FHLB advances
$7,500Loans and leases held for sale
$0Unused loan commitments
$2,290Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,578Total risk weighted assets
$62,027Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$7,507Total interest expense
$3,742Net interest income
$3,765Provision for loan and lease losses
$203Total noninterest income
$537Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$537Total noninterest expense
$3,073Salaries and employee benefits
$1,122Premises and equipment expense
$924Additional noninterest expense
$1,027Pre-tax net operating income
$1,026Securities gains (losses)
$28Applicable income taxes
$0Income before extraordinary items
$1,054Extraordinary gains - net
$0Net income attributable to bank
$1,054Net charge-offs
$71Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.20%Cost of funding earning assets
4.09%Net interest margin
4.11%Noninterest income to earning assets
0.59%Noninterest expense to earning assets
3.36%Net operating income to assets
1.07%Return on assets (ROA)
1.10%Pretax return on assets
1.10%Return on equity (ROE)
15.73%Retained earnings to average equity (YTD only)
15.73%Net charge-offs to loans
0.09%Credit loss provision to net charge-offs
285.92%Efficiency ratio
67,550Assets per employee
3.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.81%Loss allowance to noncurrent loans
30.37%Noncurrent assets plus other real estate owned to assets
2.53%Noncurrent loans to loans
2.68%Net loans and leases to deposits
111.50%Net loans and leases to core deposits
126.02%Equity capital to assets
7.11%Core capital (leverage) ratio
6.51%Tier 1 risk-based capital ratio
10.61%Total risk-based capital ratio
Memoranda
$12Average assets
$96,033Average earning assets
$6,701Average equity
$91,553Average loans

First Florida Savings Bank, F.S.B. in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Florida Savings Bank, F.S.B. - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

First Florida Savings Bank, F.S.B. in Miami, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Florida Savings Bank, F.S.B. - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

First Florida Savings Bank, F.S.B. in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches